Questions from General Economics


Q: The argument that spending more money on teachers has little impact on

The argument that spending more money on teachers has little impact on educational outcomes in K–12 is a) inconsistent with any economic model. b) consistent with the upward-sloping nature of a pro...

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Q: The reason the ECB did not want the Greeks to exit the

The reason the ECB did not want the Greeks to exit the euro was that a) Greece was viewed as a valuable member in temporary distress. b) Greece was viewed as so unimportant that it did not want the...

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Q: In a simple 300 million-person world of all four-

In a simple 300 million-person world of all four-person families, if the poverty line is $12,500 and half of the 10 million families (with 40 million poor people) earn $10,000 and the other half earn...

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Q: Though the high-quality preschool experience is a private benefit for

Though the high-quality preschool experience is a private benefit for the children and their parents, the economic justification for Head Start is based on a) external costs. b) its low total cost....

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Q: The average index of monthly earnings is indexed a) for

The average index of monthly earnings is indexed a) for wage inflation. b) for consumer price inflation. c) for producer price inflation. d) via a combination of wage and price inflation.

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Q: The alternative minimum tax has the effect of limiting a)

The alternative minimum tax has the effect of limiting a) income. b) taxable income. c) deductions. d) exemptions.

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Q: When a group of competitors joins together to form a monopoly,

When a group of competitors joins together to form a monopoly, they are forming a a) cartel. b) coalition. c) union. d) trust.

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Q: The typical problem for generating parity in sports leagues is that

The typical problem for generating parity in sports leagues is that a) there is no mechanism for bringing in new talent in a way that helps the bad teams. b) there is no means by which players on on...

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Q: If you invested in 20 different companies and chose those companies at

If you invested in 20 different companies and chose those companies at random, you would be counting on the _______ market hypothesis and its implication that you would do as well as you would with an...

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Q: Under perfect competition marginal resource cost ________ supply, under monopsony marginal

Under perfect competition marginal resource cost ________ supply, under monopsony marginal resource cost _______ supply. a) equals; equals b) equals; is greater than c) equals; is less than d) is...

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